King River Capital, Immutable, and Polygon Labs have initiated the Inevitable Games Fund (IGF), focusing on the advancement of blockchain gaming. This collaboration introduces the sector’s first platform-independent fund dedicated to Web3 gaming.
Steered by King River Capital, with Immutable and Polygon Labs contributing, IGF aims to capitalize on the growing blockchain gaming landscape. Targeting a comprehensive fund size of $100 million, it is available exclusively to professional investors.
The fund has attracted support from influential entities in the sector, including a significant investment from Alpha Wave Ventures. It also received backing from Merit Circle, a prominent figure in Web3 gaming, among others.
IGF’s early investments highlight its strategy to support innovative projects that redefine digital gaming, including Pixelmon and Metalcore, which recently both received funding. These ventures demonstrate the fund’s commitment to enhancing the digital entertainment landscape.
King River will oversee fund allocation across leading Web3 games, studios, and infrastructure without bias towards any platform. Immutable and Polygon bring their deep understanding of blockchain gaming and virtual assets to identify prime investment opportunities.
Zeb Rice, Co-Founder and Managing Partner at King River Capital, pointed out the vast potential within the gaming industry for technological evolution, noting, “Spending on video games exceeds the global revenue from movies, streaming TV, and the music industry combined, and it is ripe for a huge technology shift.”
He compared the anticipated shift towards Web3 technology in gaming to the rise of mobile gaming, highlighting the fund’s objective to offer investors access to top Web3 gaming projects globally.
Robbie Ferguson, President and Co-Founder of Immutable, shared his enthusiasm for the fund’s establishment, stating, “We are excited to be launching this pioneering fund in partnership with King River Capital and assisted by Polygon Labs. Our combined expertise, global relationships, and industry reach ideally position the Fund to [invest in the best Web3 gaming opportunities].”